Answer:
Dr investment in Dove Company 125,000
Cr Cash 125,000
Explanation:
Since Osprey's investment results in a significant influence over Dove, Osprey must use the equity method to record this transaction. When the equity method is used, the investment is recorded at cost and any goodwill should be amortized by net income from following periods.
Answer:
37 F
Explanation:
Direct materials Quantity variance 597 F
Less: Direct materials Price variance 560 U
Direct materials Flexible Budget variance 37 F
Answer:
Ways to build trust
Explanation:
With regards to Real Estate,
Answer:
The correct answer is B
Explanation:
Holding inventory is the term which is defined as the costs which is linked with storing or keeping the inventory that remains unsold with the seller. These costs are one of the vital component of the aggregate inventory costs, along with the shortage costs and the ordering costs.
The reason for holding the inventory could be require protection from uncertainties, enable the firm in accomplishing the economies of scale, act as buffer among the channel of distribution and critical interfaces and enable the specialization in production.
Relevance characteristic of an effective accounting information system refers to providing information to improve decision making and reduces uncertainty.
The relevance of accounting depends on what the accountant use it for. Cost projections for opening a new store are relevant if business is growing and expanding.
If sales have been sluggish and the best we can do is sit tight without expansion, the projections are no longer relevant. If you decide you need to run more leaner, although, information about the cost of goods sold might be relevant.
The relevance of accounting is not just about what you need to know. It is also applied to other stakeholders.
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